Category: UAE Company Setup

When good bosses turn bad: Seven deadly sins of bad managers

If you’ve ever done any management training, you’ll have been inundated with advice on how to lead effectively. You know the kind of thing: empowering your employees, communicating effectively and celebrating creativity? All hallmarks of a good boss. But doing the right thing is often just as dependent on avoiding doing the wrong things. How to be a good boss is often best understood in the context of its polar opposite – how not to be a bad boss. In this article we look at seven common mistakes that bad bosses make.

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Setting up a company in Dubai Healthcare City Free Zone

One particular free zone that’s garnering plenty of attention right now is Dubai Healthcare City (DHCC) – and it’s not hard to see why. Dubai’s healthcare sector is booming – expected to be worth an estimated USD 28bn (AED 103bn) by 2021, according to a recent report by MENA Research Partners. DHCC Free Zone itself is home to two hospitals, 90 outpatient medical centres and diagnostic labs, plus over 2,000 licensed medical professionals – so it’s the perfect home for entrepreneurs looking to make their mark and grab a slice of this fast-growing market. In this article we look at how to set up a company in DHCC.

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Time for a move? From lifestyle to tax – why relocating your SME makes sense

Do you ever wish you could take it easier, yet at the same time increase your wealth? Well, the answer to that might depend on where you live and where your business is domiciled. An entrepreneurial existence can exact a high toll on your personal and family life. But if the taxman in your home country takes most of what’s left after you’ve paid for your life, it’s time for a rethink. Surely there has to be something more to show for the long hours, the missed vacations and the pleasures foregone? Could relocating your business to the UAE, for example, enable you to enjoy more of what you earn?

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Intrigued by import-export? Here’s how to get started in the UAE

In 2016 alone, the UAE exported some USD 98.8bn worth of goods, with imports reaching USD 184bn in the same year. It’s perhaps unsurprising then that the trading licence is one of the most sought-after in the Emirates – with overseas entrepreneurs commonly choosing to set up in the UAE’s many free zones. Whatever route you choose to go down, there’s a few things you need to know before you get started.

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How a directorship service can smooth the launch of your UAE company

As of July 2015, an update to the UAE’s federal Commercial Companies Law (CCL) states that LLCs in the Emirates must be at least 51% owned by UAE nationals. That gives incoming company owners just a small handful of options: relocate, scout for a domestic partner or joint venture arrangement (and thus dilute your shareholding), or secure the services of a professional director. A professional director can help a fledgling company in the UAE to get established and increase its chances of success. In this article we look at it more in depth to help you decide whether it’s the right path for your business.

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Interns: a help or a hindrance?

Interns bring their fair share of benefits and challenges, risks and opportunities, but if you approach them as a clearly defined part of your business strategy, internships are well worth the effort. At their best they benefit both intern and employer – the intern can bring their knowledge and enthusiasm to the workplace, while you can help them develop in a way that will enhance the country’s talent pool and might well enhance your own workforce long-term as well. In this article we weigh up the pros and cons of hiring an intern to help you decide what’s best for your company.

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Ready to set up an onshore company in the UAE?

When setting up in the UAE, entrepreneurs are usually faced with two options. Some choose to set up in one of the nation’s free zones, meanwhile others opt to set up an onshore business – usually to trade with the local UAE market, something which free zone companies cannot do directly. The most common type of onshore business is the limited liability company – or LLC. Defined as an independent legal entity owned by multiple shareholders, LLCs allow foreign entrepreneurs to set up in the UAE mainland with the assistance of a local partner. So if you’re ready to do business in the UAE and looking for a straightforward and affordable way to trade from and with the mainland, then setting up an onshore business is likely your best bet. Here is everything you need to know to help you get started.

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Is receiving too many emails sucking the life out of your working day?

Email has revolutionised business communication in the last 20 years. Its speed, efficiency and relatively low cost has seen usage balloon, with the estimated daily volume of emails in 2017 coming in at around 270 billion, up from 182 billion in 2013. Yet, we’re increasingly relying on email for things it was never designed to do. The inbox has become our task manager, to-do list, de facto project management tool and, for many of us, our essential data archive. Your inbox shouldn’t be a place to store emails: you wouldn’t store regular mail on your doormat… Yet that’s how we treat email. In this article we look at some of the ways emails are affecting our working lives and what we can do to reduce their impact.

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Dubai Studio City – a great location for media and production companies

Aimed at businesses in the broadcasting, film production, TV, music, and entertainment sectors, Dubai Studio City boasts a host of cutting-edge broadcast and production facilities including backlots, sets, water tanks, production suites, recording studios and offices. As studio facilities go, DSC is unrivalled in the region. So, if your business could benefit from working in such an environment, here’s everything you need to know about setting up in Dubai Studio City.

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How much influence does my local sponsor really have over my UAE business?

What’s the best thing about owning your own business? For many, being your own boss is the thing that really matters. According to one recent survey, that’s the main motivation for around two-thirds of people who start a business. But if that’s true, what happens when you come up against the local sponsorship rules that apply when you’re starting a business in the UAE? With a few exceptions, all businesses starting in the Emirates must be at least 51% owned by UAE nationals. If you’re from outside the country, before you get going you’ll need a local sponsor, who’ll effectively own at least half of your company. But if that doesn’t sound much like being your own boss, don’t panic. Let’s take a look at the influence that local sponsors really have, and what you can do if you’re still not comfortable.

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